Banks Are Closing Accounts without Justification. Learn What to Do in Case of Banking
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Several customers of Portuguese banks have received letters to warn that the account will be closed, without a clear explanation. The phenomenon has name, debanking, and returned this week to the news. The law allows the bank to terminate the account contract, but only if this possibility is provided for in the contract and with a notice [...]
Banks give two months to withdraw funds and transfer deposits and credits. Most of the complaints involve Santander and Millennium bcp. There are banks closing accounts of customers without revealing the reasons and without the possibility to reverse such decision. They send letters to their customers in which they give two months to transfer deposits and credits, without any other possibility. The situation is denounced by Saturday this Wednesd…
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